The repurchase, which happened at an average net price of 101.97%, will leave €376.721 mln of the bond on the market.

MFB recently repurchased €94.889 mln of the same series at an average net price of 102.12%.

Both repurchases were directly from the bond holders, without using an investment service provider.

MFB will initiate the cancellation of the repurchased bonds.

The bond was issued to a total value of €500 mln in May 2011. It carries a 5.875% annual coupon, and was issued at a yield of 6.038%.